Cbank sees proinflation risks for Russia in energy transition

MOSCOW, Nov 18 (PRIME) -- Energy transition carries proinflation risks for the Russian economy on the supply side, Director of the Central Bank’s Monetary Policy Department Kirill Tremasov said on Thursday.

“We have started analyzing and systemizing possible risks linked to the climate changes. We are only at the beginning of the road, now we are fine-tuning the mechanisms to take into account the climate risks,” he told an S&P Ratings conference.

“The preliminary conclusions point to proinflation risks, which are likely to be on the supply side.”

End %%as/jst%%